Secular growth has certainly been the story in the United States from the period after World War II until the 2008 to 2009 recession. Now it appears that strong secular growth is the story for Asia.
a. How might the anchoring bias influence expectations by both policy makers and the public about the future given this history of secular growth?
b. To what extent does growth reflect the application of more labor and capital?
c. As the CEO of a multinational organization, what are the incentives and disincentives you see in growth in the United States, Europe, and Asia that would influence your allocation of labor and capital across the globe?